The world’s top economies are being depressed due to skills shortages within science, technology, engineering and mathematics (STEM) disciplines. At an organizational level, this is holding businesses back, reducing profit margins and diminishing success. The manufacturing and engineering sectors are especially impacted by these skills shortages, with 85% of U.K. managers in the sector struggling to find suitable candidates. In the U.S., a study by Deloitte estimates there will be 2.4 million manufacturing positions left unfilled between 2018 and 2028.
When businesses are understaffed and slower to innovate, they are slower to adopt new technologies, harness automation and benefit from advances in manufacturing processes.
Automate faster, adjust quicker with no-code
Robotic process automation (RPA), cellular IoT and cheaper, more flexible and more autonomous robots go a long way toward solving many of the challenges facing manufacturing businesses. Yet for manufacturers to build additional margin and plan for success, automation processes need to be faster and easier to program and implement.